Source: The principles of political economy, 1825, p. 95-96
“This great increase of the quantity of work which, in consequence of the division of labour, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another; and lastly, to the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.”
Source: (1776), Book I, Chapter I
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Adam Smith 175
Scottish moral philosopher and political economist 1723–1790Related quotes
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